$Shopify(SHOP)$ weekly. If wav

2023-02-21

$Shopify(SHOP)$ weekly. If wave 3 has started, price target is $9.
I also note the inverse head + shoulders has confirmed and has a price target of $64. Patterns can + do fail, so it’s important to be nimble here.
Price rejected off of 60-MA and the 100-MA/200-MA cross is approaching.
Indicators are bearish.
I indicate in my chart the alternative count for (1) could be (A), 2 could be (B), and (3) could be (C). I’m not exactly sure and want to be transparent as this is my 1st secular bear to trade (and especially w/ Elliott Wave).
Arrows in 2nd chart pointing to the areas of uncertainty. Once we hit (3) or (C) and then bounce, I’ll know more.
I need to see what type of correction we see. This is actually true for the indexes and stocks, too. It’s just hard to explain in this format.
GL. dmac.

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Comments

boohuang
2023-02-22
boohuang
ok
ruiping88
2023-02-22
ruiping88
k
Nggimseng
2023-02-22
Nggimseng
Nice
Cl goh
2023-02-21
Cl goh
👍
CLOUD1127
2023-02-21
CLOUD1127
Ok
Mingx2
2023-02-21
Mingx2
ok

Leave a comment

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If wave 3 has started, price target is $9. I also note the inverse head + shoulders has confirmed and has a price target of $64. Patterns can + do fail, so it’s important to be nimble here. Price rejected off of 60-MA and the 100-MA/200-MA cross is approaching. Indicators are bearish. I indicate in my chart the alternative count for (1) could be (A), 2 could be (B), and (3) could be (C). I’m not exactly sure and want to be transparent as this is my 1st secular bear to trade (and especially w/ Elliott Wave). Arrows in 2nd chart pointing to the areas of uncertainty. Once we hit (3) or (C) and then bounce, I’ll know more. I need to see what type of correction we see. This is actually true for the indexes and stocks, too. It’s just hard to explain in this format. GL. dmac.<img src=\"https://community-static.tradeup.com/news/57e49bd2555fb2519946a71b7b2a2fcb\" tg-width=\"-1\" tg-height=\"-1\"><img src=\"https://community-static.tradeup.com/news/131b5763529ea107b6f74160ae500411\" tg-width=\"-1\" tg-height=\"-1\"></body></html>","htmlText":"<html><head></head><body><a href=\"https://ttm.financial/S/SHOP\">$Shopify(SHOP)$</a> &nbsp;<v-v data-views=\"0\"></v-v>&nbsp;weekly. If wave 3 has started, price target is $9. I also note the inverse head + shoulders has confirmed and has a price target of $64. Patterns can + do fail, so it’s important to be nimble here. Price rejected off of 60-MA and the 100-MA/200-MA cross is approaching. Indicators are bearish. I indicate in my chart the alternative count for (1) could be (A), 2 could be (B), and (3) could be (C). I’m not exactly sure and want to be transparent as this is my 1st secular bear to trade (and especially w/ Elliott Wave). Arrows in 2nd chart pointing to the areas of uncertainty. Once we hit (3) or (C) and then bounce, I’ll know more. I need to see what type of correction we see. This is actually true for the indexes and stocks, too. It’s just hard to explain in this format. GL. dmac.<img src=\"https://community-static.tradeup.com/news/57e49bd2555fb2519946a71b7b2a2fcb\" tg-width=\"-1\" tg-height=\"-1\"><img src=\"https://community-static.tradeup.com/news/131b5763529ea107b6f74160ae500411\" tg-width=\"-1\" tg-height=\"-1\"></body></html>","text":"$Shopify(SHOP)$ weekly. If wave 3 has started, price target is $9. I also note the inverse head + shoulders has confirmed and has a price target of $64. Patterns can + do fail, so it’s important to be nimble here. Price rejected off of 60-MA and the 100-MA/200-MA cross is approaching. Indicators are bearish. I indicate in my chart the alternative count for (1) could be (A), 2 could be (B), and (3) could be (C). I’m not exactly sure and want to be transparent as this is my 1st secular bear to trade (and especially w/ Elliott Wave). Arrows in 2nd chart pointing to the areas of uncertainty. Once we hit (3) or (C) and then bounce, I’ll know more. I need to see what type of correction we see. This is actually true for the indexes and stocks, too. It’s just hard to explain in this format. GL. 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